All Forum Posts by: Nehemias Ponce

@Arpan Patel I have not tried the BP calculators. I just left the calculator page and watched the videos and read what was listed about each one. What has your experience been with? They seem to be very comprehensive. 

Thank you so much @Abi Wegman and @Michael Evans.  I went an hour outside of my area and found a listing for a 5 unit apartment building listed for $110,000 and found out what a positive outcome using the quick analysis is supposed to look like! It was quite different. I understand a bit better now...

Hi everyone! I am wondering if I can get some help with my first online/practice property analysis. I recently watched Brandon Turner's Quick Property Analysis Video and am trying to apply it to a property in my area. The property in question is a duplex listed at $225,000. Each unit is rented for $750 for a total of $1500 monthly. For the sake of this example I'm putting $20,000 down, leaving a mortgage payment of $961. Here is where I get hung up. The $961 doesn't make the 50% rule. I also have not included taxes and insurance into the $961 as Brandon suggests in the video to include that in the expenses. Also because the $961 does not not meet the 50% rule then I can not really figure positive cash flow (according to the video). And without positive cash flow I can not figure my ROI.

I know the 50% rule is just for a drive-by analysis and a rule of thumb only. But if this property doesn't meet it, what does that tell me?  Also, can anyone suggest other property analysis calculators that they like to use? I'd really like to start analyzing a few properties a day and just need some help figuring it out. Here is a link to Brandon's video below too. Thank you so much for any help you can provide! 

 https://www.biggerpockets.com/renewsblog/2013/02/1...

Great post! Motivating and inspiring!!!

@Bob E. I was reading over this post recently and have become more and more interested in what you said about your midwest rental purchases. Can I ask you some questions about that?

@Com M., no I had not considered micro-loan investments. However I am not really sure what they are truth be told. The idea of getting hourly alerts makes me think that it is a fast-moving game and I am probably too green to be that decisive. But it sounds like you have had some good experience?

I think what I need to be doing is reassessing my goals. I am becoming very intrigued with the idea of notes and want my goals to reflect that. Here shortly I am going to post some note-buying goals to try and get everyone's feedback.

Welcome @Blanca Gonzalez! There is so much to learn here. Get yourself a cup of coffee and dig in!

Thank you for the explanation @Czarina Harris! Since $10,000 is my budget I have to find a way to enter at that price point and partials seem to be it. I appreciate all the help from everyone!

-Nehemias

@Todd Krzeminski No I do not. I am very much in the research progression and really have not reached out to anyone yet in that way. How has your experience been with the 2nd? Have you done other notes as well?

Hi everyone! I am at least ankle deep (but more like knee deep!) in my education in note investing. I am interested in dipping my toes in by perhaps buying a partial. I have up to $10,000 to begin with, and from what I can gather that is not a good starting point for purchasing a full note. That being so, what is the basic structure for buying a partial? 

For example, if I buy a group of payments; do I have to wait for those payment numbers to arrive before I get paid back for them?

If so, why would someone buy the last 5 years of payments on a 30 year note?  

Thank you all so much for your help!

-Nehemias